Posted by cdoty_IL on 2/10/11 9:27pm
Msg #372316

Sample Loan Package

I had someone ask me today if I knew where they could get a list of required loan documents, better yet an example loan package. Does anyone know? I have been searching online and cannot find one. All the docs I get are filled out with borrower info, and of course I am not going to pass these along!

Reply by Glenn Strickler on 2/11/11 12:09am
Msg #372322

I suppose there are generic loan package samples, however the actual required loan documents can also depend on the state. Many states have their own rules on what must be in a loan package. Then each lender has it's own idea what must be in the loan package. Even counties or cities can have their requirements for recording also. You might want to check with an escrow company in your local area. But I would even bet that in your state, a loan package for the very same people for the very same loan would have a different number of pages in Chicago, than perhaps Jacksonville or Springfield. At least, that's my experience here in the Formerly Golden State.

Reply by James Dawson on 2/11/11 8:06am
Msg #372337

The only ones I've seen has been part of a loan signing agent course, no free for the asking.

Reply by jojo_MN on 2/11/11 8:15am
Msg #372339

This is one I just found by doing an internet search a couple minutes ago.
http://www.nrmlaonline.org/App_Assets/public/91d055d7-99b2-4096-b9f9-5694ecf61a92/Sample%20Loan%20package.pdf

Reply by Linda_H/FL on 2/11/11 8:18am
Msg #372341

Great Sample...just note that it's a reverse.. n/m

Reply by jojo_MN on 2/11/11 8:25am
Msg #372344

Re: Great Sample...just note that it's a reverse..

Thanks for pointing that out, Linda. Just did a quick search to see if there were any listed and them scanned thru to see if they if the doc pkg had most of the common forms. I'm sure there are many more posted; this was just an example.

Reply by jojo_MN on 2/11/11 8:29am
Msg #372345

Re: Great Sample...just note that it's a reverse..

"scanned thru to see if they if the doc pkg". Wish there were a two minute correction window. Should be scanned thru to see if the doc package...

Reply by James Dawson on 2/11/11 9:30am
Msg #372359

Not nick-picking but some vital Docs are missing,..Statement of information, Domestic partnership, affidavit of serve damage and Patriot Act to name a few. Perhaps something more up to date would be better. IMO

Reply by jojo_MN on 2/11/11 9:50am
Msg #372364

This wasn't meant to be all docs available--only a sample. There are probably over 250 documents out there if we want to add up all the misc ones that some lenders provide. I was just trying to show that if you do a little research, you can probably find them posted somewhere on the web. Either that, or sign up for a loan signing class that might provide the information the op requested.

Reply by James Dawson on 2/11/11 10:18am
Msg #372371

Patriot Act and statement of information are vital Docs.....like I said, wasn't nitpicking, I have an update to date example for my personal reference.

Reply by Linda_H/FL on 2/11/11 10:00am
Msg #372367

What's an Affidavit of Serve Damage?? Never heard of it.. n/m

Reply by James Dawson on 2/11/11 10:14am
Msg #372369

Re: What's an Affidavit of Serve Damage?? Never heard of it..

I guess it would help if I spelled it correctly LOL meant to severe damage. Basically, as if the appraisal was not good enough, the borrowers must take an oath attesting to the fact that there is no damage to the property that has gone unreported.

Reply by Linda_H/FL on 2/11/11 10:17am
Msg #372370

ROFL...okay...got it...THAT I've heard of...thanks James..:) n/m

Reply by cdoty_IL on 2/11/11 11:11pm
Msg #372468

Thanks Everyone for your help/input......this example...

above suffices for its purpose. It is not for my reference.....or any other notary signing agent for that matter. Thanks again :-)

Reply by jba/fl on 2/11/11 11:24pm
Msg #372470

I think it is Affidavit of Nerve Damage.....sure, has to be.

This process is so long and nerve wracking.